DREW
DREW
1886-88 anil 1893; was a pliilosopliical student at
Harvard, 18yi-93. 18y5-y« and 1890-97; lecturer
on practic-al i>hilosopliy. i89S-98; editor of tlie
Journal of rrartiail Met<iphysic». 18y<>-98 ; proprie-
tor of the Philosopliical publislun;; company,
1896-98, and associate editor of T/te Arvait Tioni
1899. He was a member of the ^leta^hysical
club, Ik>ston, from 189"). He was mariied, March
IT. isy^. to Alice Mae Reed (A.B., Wellesley,
ist»3).' He is the author of: The Poicer of Silence
(l89o); The Perfect HTio/f (1896); TIte Heart of It
( 1S1H5, ; In Search of a Soul (1897) ; Voices of Hope
(1S9><); and Methoth auil Problems of Spiritual
H',iline popular, he engaged in stock operations in
Wall .street, dealing principally in railroad stocks
and securities. He is said to have accumulatetl
§l.i.<K)U,0(J(J. He was treasurer of the Erie rail-
way company in 1866 and jiersonally loaned the
comiKiny $3,500,000, taking unused stock, and
bonds convertible into stock, to the amount of
S6.000.(K»0 as security. The stock he aftersvard
.sold to Vanderbilt, who was ambitious to secure
the control of the road, and when that magnate
thought he had created a comer in the stock,
Drew converted his §3,000,000 of bonds into
stock and put it upon the market. The courts
enjoined Drew from selling the excess of stock
over his loan, but this proved no barrier and in
tlie face of the injunction he put his stock upon
the market and the corner was Ijroken and Van-
derbilt nearly ruined. Drew was obliged to flee
to New Jersey carrying with him §7,000,000 of
Vanderbilt's money, paid for " watered "' .stock.
Vamlerbilt afterward protected Drew from the
consequences of his contempt of court, and Drew
returned to New York ; but the property of the
Erie railway comjwiny fell to the lot of Fisk and
<Jould. whom he had educated in finance, and
Drew for a time retired from Wall .street. After
a few months he returned to find Erie .stock in-
flated from $34,000,0f)0 to Sr,7,000,000, and he had
no chance ag!iin.st the pupils he had introduced
to the financial world. His operations V)ecame
inore and more disastrous, his millions rapidly
disappeared, and he was finally forced into bank-
ruptcy in 1876. He was a meml)er of the Metho
di.st church and in the days of his prosperity
contributed large sums to various religious and
educational in.stitutions. He founded Drew semi-
nary for young ladies, at Carmel, N.Y.. at a cost
of §2o0,000 and built Drew theological seminary.
Madison. N. J., at a cost of S275,000. and endowed
it with a similar amount which he afterward
increased to over half a million dollars. He also
increased the endowment fund of the Wesleyan
university §100,000 and of the Concord biblical
inst.itute to a considerable amount. As these
benefactions were made chiefly in notes, those
falling due after his failure were not paid, and,
except the interest paid by Drew on the notes
before 1876, the amount was totally lost to the
institutions. This was true of §250.000 to Drew
theological seminar}- and §100,000 to "Wesleyan
university. He died at the home of his son. Wil-
liam H. brew, in New York city, Sept. 18, 1879.
DREW, John, actor, was born in Dublin. Ire-
land, Sept. 3, 1825. He was brought to America
by his parents in 1833, and spent his childhood
in Buffalo, N.Y. He decided to become a sailor
but after a single voyage returned to land and
made his debut in the Bowery theatre. New
York, in 1845, taking the part of Dr. OToole in
"The Irish Tutor," and continued to act Irish
characters in New York city and through the
west. In 1849 he joined a stock company in Al-
bany, of which Charles W. Couldock was leading
man, and remained with it until 1852. On July
27, 1850, he was married to Louisa Lane Mo.s.st)p,
the widow of the actor George Mos.sop, and a
member of the stock company. In 1852 they
were engaged for the stock company at the
Chestnut street theatre, Philadelphia. Pa., ap-
pearing first in " She Would and She Would
Not." and gaining great popularity. In 1853 Mr.
Drew un<lertook with William Wheatley the
management of the Arch street theatre, but was
not succe.ssful, and went on a starring tour,
playing in the principal cities of the L"^nited
States and England. On his return to Philadel-
phia he assumed the management of the National
theatre and in May, 1857, produced " The Naiad
Queen '* with a ca.st including Jo.seph Jeffersfin.
